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Early in his campaign, Donald Trump brought up ending the Federal Reserve Bank and switching back to the Gold Standard. Today, President-Elect Trump is meeting with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute under consideration for Treasury Secretary.

Allison is no stranger to wanting to rid the US of the Federal Banking Reserve:

“I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed,” Allison wrote in 2014 for the Cato Journal, a publication of the institute.
Allison also suggested that the government’s practice of insuring bank deposits up to $250,000 should be abolished and the US should go back to a banking system backed by “a market standard such as gold.”
“When the Fed is radically changing the money supply, distorting interest rates, and over-regulating the financial sector, it makes rational economic calculation difficult,” Allison wrote. “Markets do form bubbles, but the Fed makes them worse.”

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It has always been rumored that JFK was the last President to attempt this, which lead to his assassination, according to some theories.



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